Opportunity to acquire a well established premiere Allstate insurance agency with multiple locations. In 2019 the agency produced over $8 Million in earned agency premium and generated over $1 Million in revenues. There is already a team of licensed professionals in place and a renewal rate of nearly 90%. An existing agent could significantly expand their book of business, or someone looking for a recession resistant business could potentially acquire an entrepreneurial opportunity with one of the nation's largest and strongest companies.
There are 4 offices located across a 45 mile stretch of Indiana that encompasses both suburban and rural populations. There is potential to consolidate the offices and reduce the agency costs. The seller owns 3 of the 4 buildings that the offices are located within and those buildings may be available to purchase if the buyer wishes to acquire the real estate. Rent for all 4 locations will be $3,500/month. If the two suburban Indianapolis locations are consolidated the ongoing rent will be $2,500/month.
The current agent refers financial services within company, but if the buyer chose to offer those services in house they would have a tremendous source of leads in the existing book of business.
Insurance is an essential business and considered recession resistant.
Retirement & Other Business Interests
Will train for 2 weeks @ no cost The buyer must be approved by corporation. The buyer must acquire Series 6 & 63 licenses in addition to Property & Casualty, and Life & Health licenses.